Circle K | 1834 W Grant St
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Circle K 1834 W Grant St
2,988 SF Retail Building Phoenix, AZ 85007 $2,545,000 ($852/SF) 5.50% Cap Rate
Executive Summary
SRS Real Estate Partners-West, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Circle K investment property located in Phoenix, Arizona. The tenant, Circle K has over 7 years of lease term remaining with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of the first five option periods, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,988 SF
Building Class
C
Year Built
1987
Price
$2,545,000
Price Per SF
$852
Cap Rate
5.50%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.61 AC
Frontage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $17,246 | Total Assessment | $66,175 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$17,246
Improvements Assessment
$0
Total Assessment
$66,175
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Circle K | 1834 W Grant St
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